Replies to post #3703 on Meta Materials Inc (MMATQ)

[trader59]

That's just BS. The short interest on this stock was less than 3% of the O/S at the last data point, less than 4% at the previous data point, so the short positions were already being closed out, plenty of volume during the dump phase to cover.
Tell me, when the PPS fell from $12 to $3 was that FINRA's fault, too? Could it be the pumpers were taking their profits and getting out before they became trapped with the grossly overpriced stock in the private company?

[TenKay]

“The only transactions Would have been purchases to close short positions.“

Yeah I heard Brda say that on his Payne interview.

Complete bullshit. There is no way to differentiate between a regular buy and a buy to cover. In other words you can’t let one and not the other. It is merely a characteristic of the transaction once it has been completed.

FINRA prevented unsuspecting investors from being duped.

They did their job.

[onehundredmph]

From AST



https://twitter.com/k_f_e_r_g/status/1604881157753028611?s=20&t=1wucI_9bq7mLPyQFaVwzkA

"Shares being issued will be the exact amount that were on record for the record date

Are they anticipating brokerages asking for extra??"

That’s a really long way to say “brokers are screwed because they sold more than we have.”

-----------------------------------------------------------------------------------------------
Ref: U3 Halt Code - Extraodinary Event

FINRA finds that the extraordinary event is ongoing and determines that the continuation of the halt beyond the prior 10 business day period is necessary in the public interest and for the protection of investors.

https://www.finra.org/rules-guidance/rulebooks/finra-rules/6440-0

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